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U.S. Cellular Owner Reports 1Q Gain

Stock quotes in this article: TDS  

CHICAGO (AP) — Telephone and Data Systems Inc., owner of wireless carrier U.S. Cellular Corp., said Wednesday its first-quarter earnings fell 2 percent to $72 million, but the results still beat analyst estimates.

Net income after payment of preferred dividends for the three months through March 31 was down from $73.5 million a year earlier. But the company bought back shares so the per-share profit rose to 64 cents from 62 cents a year earlier.

Revenue grew 1 percent to $1.26 billion from $1.25 billion. ...

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